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Michael H. Ehrenpreis

Michael H. Ehrenpreis, CPA, CFF, is a principal in the Tax and Accounting Department at MBAF. He has been in the public accounting profession since 1977.

Michael’s clients include closely held businesses, high net worth individuals, and foreign entities with U.S. subsidiaries. His clientele encompasses real estate, distribution, healthcare, manufacturing, professional services, publishing, and technology sectors. He provides significant tax reduction strategies to clients who are U.S. exporters through the use of Interest Charge Domestic International Sales Corporation/IC-DISC structure.

In addition, Michael has experience in all aspects of tax planning for high net worth and high earning individuals, their families, and businesses, including tax minimization strategies, wealth transfer techniques, retirement planning, private foundations, and charitable giving. He also provides litigation consulting in a variety of financial investigations.

Well-known for his community and industry leadership, Michael currently serves on the Board of Independent Living Association (ILA). He also serves as the CPA for his temple. Michael was a Committee member of the Capital Campaign for The Summit School. He has also served as a Treasurer for Ramapo for Children.

Some taxpayers may not be aware that the IRS has raised its interest rates for the calendar quarter which began April 1, 2018. According to the agency, current interest rates are: 5% percent for overpayments [4% in the case of a corporation] 2.5% for ...

Most business owners know that at the end of the year there are certain tax planning opportunities that they should consider. The same is also true for individuals. Regardless of your income level, or how good a year you did or did not have financial ...

September 15th is an important income tax filing deadline for both individual taxpayers, trusts and estates, and corporations. According to the tax calendar, there are several forms and/or payments due on or by this date. If we are already working wi ...

The IRS recently finalized mandatory regulations that help distinguish capital expenditures from supplies, repairs, maintenance, and other deductible expenses. These regulations require a significant investment in time and talent to assure compliance ...

Latest Advisories

Two recent trends are converging to increase banks’ risk management obligations. One is heightened scrutiny by banking regulators of their Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance efforts. The other is customers’ increasing ...

An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets has been highlighted. Lagerfeld’s beloved cat, Choupette, played a major role in his brand. The feline was the subject of a coffee ta ...

The IRS has issued a press release reminding seniors that – in most cases – April 1, 2019 is the date that taxpayers who turned 70 1/2 during 2018, must begin making required minimum distributions (RMDs) from their individual retirement a ...